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Viva Energy Group Ltd. ( (AU:VEA) ) has issued an announcement.
Viva Energy has announced a major step in its board renewal program, with long‑serving Chair Robert Hill AC to retire on 1 March 2026 after a decade on the board, and current director Dr Sarah Ryan appointed Chair‑elect. Ryan, a former Woodside and OZ Minerals director with more than 30 years’ international energy industry and investment management experience, will lead the company as it builds on its transformation into a leading Australian convenience retailer and diversified energy provider, following the Coles Express and OTR Group acquisitions. The group has also appointed former Metcash and GrainCorp chief financial officer Alistair Bell as an independent non‑executive director from the same date, adding deep financial and risk expertise across retail, agribusiness and infrastructure. The changes come as Viva Energy underscores its position as one of only two large‑scale transport fuel manufacturers in Australia, highlights recent upgrades at its Geelong refinery and its growing role in low‑carbon and alternative fuels, including ultra‑low sulphur gasoline, hydrogen refuelling for heavy vehicles and chemical recycling of plastics, signalling continuity of strategy for shareholders and a strengthened governance platform for its next phase of growth.
The most recent analyst rating on (AU:VEA) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on Viva Energy Group Ltd. stock, see the AU:VEA Stock Forecast page.
More about Viva Energy Group Ltd.
Viva Energy Group Ltd (ASX: VEA) is a leading Australian convenience retailer, commercial fuels supplier and energy infrastructure operator with a 120‑year history in the market. The company runs a national network of almost 900 retail convenience and fuel stores and supplies fuels and lubricants to nearly 1,500 service stations, underpinned by ownership of the Geelong Refinery in Victoria and extensive bulk fuels, aviation, bitumen, marine, chemicals, polymers and lubricants operations across more than 20 terminals and 79 airports and airfields.
YTD Price Performance: -1.46%
Average Trading Volume: 3,376,902
Technical Sentiment Signal: Sell
Current Market Cap: A$3.28B
See more insights into VEA stock on TipRanks’ Stock Analysis page.